A Few Important Bankruptcy Facts You Need to Know

Written by Small Business Tips. Posted in Corporate governance, Frank bullock, Judge frank bullock

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Bankruptcy, like any other legal process, can be a lengthy and challenging affair. Before you file for any type of bankruptcy though, there are certain things that you need to be aware of. If you’re considering filing for bankruptcy, keep reading. Here are the most important facts you should know about the process.
There Are Multiple Types of Bankruptcy
That’s right, there are multiple kinds of bankruptcy, and you need to know which form will work best for you. Chapter 7 bankruptcy is also known as liquidation or straight bankruptcy. This allows people to essentially discharge all of their debts and start with a blank slate. But if you’re facing debt issues and simply want to reorganize, Continue Reading